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IRS Releases Tax Questionnaire That Asks Colleges to Disclose More
Chronicle of Higher Education
October 2, 2008
The questionnaire is meant to take an in-depth look at potential discrepancies between the way institutions operate and how they report their activities to the IRS. While the IRS will not publicly report the data from individual institutions, the information could trigger audits and even penalties for the colleges, as well as more-minor actions alerting the institutions to their errors.
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